FAQs
Frequently Asked
Questions
What does the antitrust law prohibit?
Antitrust law prohibited businesses that set a monopoly in the market. it also controls business that tries to destroy small business and competitions.
Is competition and Anti Trust Law are same?
They both laws are quite the same but have a little difference. Anti-competition Define the rules that have been established to prevent and stop illegal commercial practices that raise the price, degrade quality, or inhibit innovation. Antitrust laws are those that reduce a company’s market dominance to promote competition. Market power is the capacity to influence prices through the control of supply, demand, or sometimes both.
Is Antitrust Law is effective?
Yes, the antitrust law is quite effective, even though it was created in response to unnatural economic practices, business monopoly, prevent competition.
How to reach you for these services?
Location: 158, Dumdum Road, Kolkata – 700074, West Bengal, India (Beside Dumdum Ghoshpara State Bank E-Corner; Landmark – Dumdum Hanuman Mandir)
Phone:+91 9339055647
Email: info@bpramanikassociates.com
Website: www.bpramanikassociates.com
When did this law become active in India?
This Act, which replaced the MRTP Act, is known as the Competition Act of 2002. Started in 2002
Do these laws work same for the all countries?
No, every individual country has its own rules and Acts they work according to that.
What are the advantages of the Competitive Act 2002?
- It encourages healthy market competition
- It guarantees trade freedom in the Indian Market.
- It actively works to avoid market abuse of a dominating position.
- It educates the public and provides training on the Competition Act.
What was the purpose to redesign the competitive Act 2002?
This act was a redesigned for various purposes
- Prohibited of anti-competitive agreement
- Prohibited from the dominant position
- Regulations of combinations
Is this law applies to all businesses?
Yes, this applies to all businesses around India.
